Nordstrom (JWN) Shares are Down -1.54%

Nordstrom (JWN) has risen sharply, recording gains of 8.01% in the past 4 weeks. However, the stock has corrected -1.54% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.39% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Nordstrom (NYSE:JWN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.37 and $42.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.55, notching a gain of 3.69% for the day. The total traded volume was 3,112,485 . The stock had closed at $42.00 on the previous day.

The stock has recorded a 20-day Moving Average of 4.26% and the 50-Day Moving Average is 9.96%. Nordstrom Inc. has dropped 8.5% during the last 3-month period . Year-to-Date the stock performance stands at -11.09%.

Nordstrom (JWN) : The highest short term price target forecast on Nordstrom (JWN) is $58 and the lowest target price is $34. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $43.69 with a standard deviation of $7.15.


Nordstrom, Inc. is a fashion specialty retailer in the United States. The company operates through two segments: Retail and Credit. The Retail segment includes approximately 115 Nordstrom branded full-line stores in the United States and, approximately 167 off-price Nordstrom Rack stores, two Canada full-line stores, and HauteLook, and other retail channels, including five Trunk Club showrooms and, its two Jeffrey boutiques and one clearance store that operates under the name Last Chance. Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it provides a private label credit card, two Nordstrom VISA credit cards and a debit card. The Company operated 290 United States stores located in 38 states, as well as an e-commerce business through, and HauteLook and, as of March 16, 2015. It also operates two Nordstrom full-line stores in Canada.

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